PIOLAX, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
February 10, 2020
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PIOLAX, Inc. announced consolidated earnings results for the nine months ended December 31, 2019. For the period, on consolidated basis, the company reported net sales of JPY 47,544 million against JPY 52,112 million a year ago. Operating income was JPY 5,409 million against JPY 7,734 million a year ago. Net income attributable to owners of the company was JPY 4,798 million against JPY 6,487 million a year ago. Net income per share was JPY 134.44 against JPY 181.13 a year ago.
For the fiscal year ending March 31, 2020, the company expects to pay dividend of JPY 22.50 per share against JPY 22.50 per share paid a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2020. For the period, the company expects net sales of JPY 62,500 million, operating income of JPY 6,700 million, net income attributable to the owners of the company of JPY 5,700 million. Net income per share of JPY 159.71.
PIOLAX, INC. is a Japan-based company principally engaged in the manufacture and sale of automotive related products. The Company operates in two business segments. Automotive Related Business segment is mainly involved in the manufacture and sale of precision springs, industrial fasteners, as well as small unit parts that combine resin and metal to the automobile industry. Medical Equipment Business segment is involved in the manufacture and sale of interventional radiology (IVR), endoscopic treatment, and orthopedic treatment equipment to medical institutions.
PIOLAX, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
PIOLAX, INC. 
